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U.S. Bitcoin ETFs see 5,151 BTC outflow as July 1 withdrawals total $295 million

U.S. Bitcoin ETFs see 5,151 BTC outflow as July 1 withdrawals total $295 million

Lookonchain and SoSoValue data showed seven-day Bitcoin ETF outflows of 33,921 BTC, while Grayscale Bitcoin Mini Trust ETF BTC led July 1 inflows and BlackRock's IBIT posted the largest withdrawal.

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Summary

U.S. spot Bitcoin ETFs recorded a net outflow of 5,151 BTC on the latest day, with SoSoValue reporting that July 1 withdrawals totaled $295 million. Over the past seven days, Bitcoin ETFs posted cumulative net outflows of 33,921 BTC, according to Lookonchain data cited by Odaily Planet Daily. Within the July 1 session, Grayscale Bitcoin Mini Trust ETF BTC led inflows with $36.33 million, while BlackRock's IBIT had the largest outflow at $219 million. SoSoValue said total net assets for U.S. spot Bitcoin ETFs stood at $72.46 billion and cumulative historical net inflows were $50.858 billion. Separately, U.S. Ethereum ETFs recorded a daily net inflow of 6,778 ETH, though their seven-day net flow remained negative at 119,815 ETH in outflows.

Terms & Concepts
  • spot Bitcoin ETFs: Funds that directly hold Bitcoin.
  • net outflow: More assets or money left than entered over a period.
  • net assets: The total value of assets held by a fund category.